23,300 Shares in Boot Barn Holdings, Inc. (NYSE:BOOT) Acquired by Readystate Asset Management LP

Readystate Asset Management LP acquired a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 23,300 shares of the company's stock, valued at approximately $3,898,000. Readystate Asset Management LP owned about 0.08% of Boot Barn as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Hilltop Holdings Inc. purchased a new stake in shares of Boot Barn during the third quarter valued at $224,000. Edgestream Partners L.P. boosted its stake in shares of Boot Barn by 750.6% during the third quarter. Edgestream Partners L.P. now owns 30,938 shares of the company's stock valued at $5,175,000 after purchasing an additional 27,301 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Boot Barn by 20.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,758 shares of the company's stock valued at $963,000 after purchasing an additional 984 shares during the period. Blueshift Asset Management LLC purchased a new stake in shares of Boot Barn during the third quarter valued at $3,343,000. Finally, Cynosure Group LLC purchased a new stake in shares of Boot Barn during the third quarter valued at $376,000.

Boot Barn Price Performance

Boot Barn stock traded up $3.10 during trading hours on Thursday, reaching $148.84. The stock had a trading volume of 294,480 shares, compared to its average volume of 767,039. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 29.73 and a beta of 2.14. The business's 50 day moving average price is $148.04 and its 200-day moving average price is $137.62. Boot Barn Holdings, Inc. has a 52 week low of $68.37 and a 52 week high of $169.83.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. During the same period in the previous year, the company posted $0.91 earnings per share. The firm's revenue was up 13.7% on a year-over-year basis. On average, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

Analyst Ratings Changes

BOOT has been the subject of a number of recent analyst reports. Craig Hallum lowered shares of Boot Barn from a "buy" rating to a "hold" rating and boosted their target price for the company from $154.00 to $162.00 in a research note on Friday, October 25th. Citigroup lowered their price objective on shares of Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. UBS Group upped their price objective on shares of Boot Barn from $127.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on shares of Boot Barn from $160.00 to $181.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Finally, Benchmark reaffirmed a "buy" rating and issued a $192.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boot Barn has an average rating of "Moderate Buy" and an average price target of $164.55.

Boot Barn Company Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.